Used cars are an essential part of the automotive industry. While many people can’t afford a new car, there are also many buyers who don’t want to purchase a depreciating asset, instead opting for a vehicle that is anywhere from 1 to 5 years old so they can get the best bang for their buck. With that in mind, Ford offers some of the best value on the used car market.
Used Car Data
With data compiled by iSeeCars and reported by Autoweek, we can see that 9.2 million used vehicles from model years 2018 to 2022 were sold in 2023. Some of the most popular models that were bought as used were the Ford F-150, Explorer, and Escape.
Ford F-150
It should come as no surprise that the Ford F-150, the best-selling vehicle in America, just so happens to be the best-selling vehicle on the used car market, too. When reporting on the used car trends, Autoweek said, “Making up 3.3% of the 9.2 million used car sales examined, the Ford F-150 retained its top spot for another year, not just in the used market. According to Ford’s recently released 2023 sales data, over 700,000 buyers chose the F-150 as their truck of choice, making it the best-selling truck of last year.”
Ford Explorer
The Ford Explorer ranked 9th among the top 20 best-selling used cars. According to data, the Explorer was 11th in 2022, meaning that more people see the overall utility and charm of one of the most well-established SUV monikers. The current Explorer arrived in 2020 as an all-new vehicle, which makes the 2020-2022 models popular since they have all the same features and amenities as the current Explorer. The mid-size Ford is an excellent 3-row SUV for buyers who don’t want to break the bank and get a greater return on their investment.
What Autoweek Said
When discussing where the Explorer ranks amongst used vehicles purchased in 2023, Autoweek said, “1.5% of used cars sold from the 2018-2022 model years were Ford Explorers, bumping the midsize crossover to the ninth spot for 2023. That’s a significant jump from 11th in 2022, beating out the Nissan Rogue, Honda CR-V, and Jeep Grand Cherokee. It also holds the third spot for most popular used SUVs in America, representing 3.4% of the sales mix.”
Ford Escape
Ranking in 13th place is the Ford Escape, which is an excellent option for buyers looking for a vehicle that sits higher and has more interior usability but doesn’t have the poor fuel economy of a larger SUV. The Escape accounted for 1.4% of 2018-2022 model year cars sold in 2023, not far behind the larger Explorer and ahead of cars like the Honda Accord, Nissan Altima, and the Jeep Cherokee.
At Benna Ford, we offer our customers some of the best prices and services. With more than 100 new and used vehicles to choose from, our outstanding sales team and finance department will work hard to make sure you drive away happy. And our fantastic service department will take care of your new-to-you vehicle as if it were their own.
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